IDEAS home Printed from https://ideas.repec.org/a/jns/jbstat/v234y2014i4p450-473.html
   My bibliography  Save this article

Diamonds are Forever: Job-Matching and Career Success of Young Workers

Author

Listed:
  • Göke Stefan

    (Department of Management, University of Paderborn, Warburger Str. 100, 33098 Paderborn, Germany)

  • Prinz Joachim

    (Department of Managerial Economics, University of Duisburg-Essen, Lotharstrasse 53, 47057 Duisburg, Germany)

  • Weimar Daniel

    (Department of Managerial Economics, University of Duisburg- Essen, Lotharstrasse 53, 47057 Duisburg, Germany)

Abstract

This study addresses the probability of young workers seeking for promotion after vocational training. By applying semi-parametric duration analysis with competing risks to a dataset of 17 youth rosters, each of them winner of either DFB-U19-Bundesliga or DFB-Youth-Cup between 1998/1999 and 2010/2011, the following paper tests some predictions that have emerged from Jovanovic’s (1979) matching theory. By running a youth academy a club assembles private information in order to decrease information deficits about a youth player’s performance. Findings from a database that covers 270 German youth players indicate that productivity, tenure and job seniority are key determinants for a successful debut with the home club. These results were not detected for potential debuts with an outside team after finishing youth engagement.

Suggested Citation

  • Göke Stefan & Prinz Joachim & Weimar Daniel, 2014. "Diamonds are Forever: Job-Matching and Career Success of Young Workers," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(4), pages 450-473, August.
    • Handle: RePEc:jns:jbstat:v:234:y:2014:i:4:p:450-473
    DOI: 10.1515/jbnst-2014-0402
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jbnst-2014-0402
    Download Restriction: no
    File URL: https://libkey.io/10.1515/jbnst-2014-0402?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    3. Viscusi, W Kip, 1979. "Job Hazards and Worker Quit Rates: An Analysis of Adaptive Worker Behavior," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(1), pages 29-58, February.
    4. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-679, June.
    5. Rosen, Sherwin & Sanderson, Allen, 2001. "Labour Markets in Professional Sports," Economic Journal, Royal Economic Society, vol. 111(469), pages 47-68, February.
    6. Atkinson, Scott E & Tschirhart, John, 1986. "Flexible Modelling of Time to Failure in Risky Careers," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 558-566, November.
    7. Johnny Ducking & Peter Groothuis & James Hill, 2015. "Exit Discrimination in the NFL: A Duration Analysis of Career Length," The Review of Black Political Economy, Springer;National Economic Association, vol. 42(3), pages 285-299, September.
    8. Ohtake Fumio & Ohkusa Yasushi, 1994. "Testing the Matching Hypothesis: The Case of Professional Baseball in Japan with Comparisons to the United States," Journal of the Japanese and International Economies, Elsevier, vol. 8(2), pages 204-219, June.
    9. Flinn, Christopher J, 1986. "Wages and Job Mobility of Young Workers," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 88-110, June.
    10. Chapman, Kenneth S & Southwick, Lawrence, Jr, 1991. "Testing the Matching Hypothesis: The Case of Major-League Baseball," American Economic Review, American Economic Association, vol. 81(5), pages 1352-1360, December.
    11. Robert H. Topel & Michael P. Ward, 1992. "Job Mobility and the Careers of Young Men," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 439-479.
    12. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
    13. Lazear, Edward P, 1999. "Globalisation and the Market for Team-Mates," Economic Journal, Royal Economic Society, vol. 109(454), pages 15-40, March.
    14. Hannah Geyer, 2010. "Quit Behavior of Professional Tennis Players," Journal of Sports Economics, , vol. 11(1), pages 89-99, February.
    15. Benno Torgler & Sascha Schmidt, 2007. "What shapes player performance in soccer? Empirical findings from a panel analysis," Applied Economics, Taylor & Francis Journals, vol. 39(18), pages 2355-2369.
    16. Leif Brandes & Egon Franck & Philipp Theiler, 2009. "The Effect from National Diversity on Team Production – Empirical Evidence from the Sports Industry," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 61(2), pages 225-246, April.
    17. Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 972-990, October.
    18. Audrey Light & Kathleen McGarry, 1998. "Job Change Patterns And The Wages Of Young Men," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 276-286, May.
    19. Idson, Todd L & Kahane, Leo H, 2000. "Team Effects on Compensation: An Application to Salary Determination in the National Hockey League," Economic Inquiry, Western Economic Association International, vol. 38(2), pages 345-357, April.
    20. Jeff Borland & Jenny Lye, 1996. "Matching and Mobility in the Market for Australian Rules Football Coaches," ILR Review, Cornell University, ILR School, vol. 50(1), pages 143-158, October.
    21. Bernd Frick, 2007. "The Football Players' Labor Market: Empirical Evidence From The Major European Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 422-446, July.
    22. Mario Cleves & William W. Gould & Roberto G. Gutierrez & Yulia Marchenko, 2010. "An Introduction to Survival Analysis Using Stata," Stata Press books, StataCorp LP, edition 3, number saus3, March.
    23. Richard Prisinzano, 2000. "Investigation of the Matching Hypothesis," Journal of Sports Economics, , vol. 1(3), pages 277-298, August.
    24. Johnny Ducking & Peter Groothuis & James Hill, 2015. "Exit Discrimination in the NFL: A Duration Analysis of Career Length," The Review of Black Political Economy, Springer;National Economic Association, vol. 42(3), pages 285-299, September.
    25. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    26. Yasushi Ohkusa, 2001. "An Empirical Examination of the Quit Behavior of Professional Baseball Players in Japan," Journal of Sports Economics, , vol. 2(1), pages 80-88, February.
    27. William R. Johnson, 1978. "A Theory of Job Shopping," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(2), pages 261-277.
    28. Ohkusa, Yasushi & Ohtake, Fumio, 1996. "The relationship between supervisor and workers -- The case of professional baseball in Japan," Japan and the World Economy, Elsevier, vol. 8(4), pages 475-488, December.
    29. Jovanovic, Boyan, 1979. "Firm-specific Capital and Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1246-1260, December.
    30. Laura Poppo & Keith Weigelt, 2000. "A Test of the Resource‐Based Model Using Baseball Free Agents," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 9(4), pages 585-614, December.
    31. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    32. Stephen J. Spurr & William Barber, 1994. "The Effect of Performance on a Worker's Career: Evidence from Minor League Baseball," ILR Review, Cornell University, ILR School, vol. 47(4), pages 692-708, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniel Weimar & Katrin Scharfenkamp, 2019. "Effort reduction of employer‐to‐employer changers: Empirical evidence from football," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 40(3), pages 277-291, April.
    2. Tim Wallrafen & Tim Pawlowski & Christian Deutscher, 2019. "Substitution in Sports: The Case of Lower Division Football Attendance," Journal of Sports Economics, , vol. 20(3), pages 319-343, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dilger, Alexander, 2002. "Never change a winning team: An analysis of hazard rates in the NBA," Wirtschaftswissenschaftliche Diskussionspapiere 03/2002, University of Greifswald, Faculty of Law and Economics.
    2. Zsolt Csáfordi & László Lőrincz & Balázs Lengyel & Károly Miklós Kiss, 2020. "Productivity spillovers through labor flows: productivity gap, multinational experience and industry relatedness," The Journal of Technology Transfer, Springer, vol. 45(1), pages 86-121, February.
    3. Parent, Daniel, 2002. "Matching, human capital, and the covariance structure of earnings," Labour Economics, Elsevier, vol. 9(3), pages 375-404, July.
    4. Hautsch, Nikolaus & Lehmann, Erik & Warning, Susanne & Frick, Bernd, 2001. "Shirking or mismatch? Coach-team separation in German professional soccer," Discussion Papers, Series I 313, University of Konstanz, Department of Economics.
    5. Bernd Frick & Gunnar Pietzner & Joachim Prinz, 2007. "Career Duration a Competitive Environment: The Labor Market for Soccer Players in Germany," Eastern Economic Journal, Eastern Economic Association, vol. 33(3), pages 429-442, Summer.
    6. Daniel Weimar & Katrin Scharfenkamp, 2019. "Effort reduction of employer‐to‐employer changers: Empirical evidence from football," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 40(3), pages 277-291, April.
    7. Bergemann, Annette & Mertens, Antje, 2004. "Job Stability Trends, Layoffs, and Transitions to Unemployment: An Empirical Analysis for West Germany," IZA Discussion Papers 1368, Institute of Labor Economics (IZA).
    8. Glaser, Darrell & Rahman, Ahmed, 2015. "Human Capital on the High Seas - Job Mobility and Returns to Technical Skill During Industrialization," MPRA Paper 68351, University Library of Munich, Germany.
    9. repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
    10. Yamamura, Eiji & Ohtake, Fumio, 2021. "Firm-specific human capital in different market conditions: Evidence from the Japanese football league," Japan and the World Economy, Elsevier, vol. 58(C).
    11. Roland A. Amann & Tobias J. Klein, 2012. "Returns to type or tenure?," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 175(1), pages 153-166, January.
    12. Jeff Borland & Jenny Lye, 1996. "Matching and Mobility in the Market for Australian Rules Football Coaches," ILR Review, Cornell University, ILR School, vol. 50(1), pages 143-158, October.
    13. Joseph G. Altonji & Nicolas Williams, 1992. "The Effects of Labor Market Experience, Job Seniority, and Job Mobility on Wage Growth," NBER Working Papers 4133, National Bureau of Economic Research, Inc.
    14. repec:eee:labchp:v:2:y:1986:i:c:p:849-919 is not listed on IDEAS
    15. Gathmann, Christina & Schönberg, Uta, 2006. "How General Is Specific Human Capital?," IZA Discussion Papers 2485, Institute of Labor Economics (IZA).
    16. Maria A. Davia, 2010. "Job Mobility And Wage Growth At The Beginning Of The Professional Career In Spain," Revista de Economia Aplicada, Universidad de Zaragoza, Departamento de Estructura Economica y Economia Publica, vol. 18(1), pages 5-34, Spring.
    17. Christian Deutscher & Oliver Gürtler & Joachim Prinz & Daniel Weimar, 2017. "The Payoff To Consistency In Performance," Economic Inquiry, Western Economic Association International, vol. 55(2), pages 1091-1103, April.
    18. Bernd Frick & Friedrich Scheel, 2016. "Fly Like an Eagle," Journal of Sports Economics, , vol. 17(8), pages 813-831, December.
    19. Sami Napari, 2008. "The Early‐career Gender Wage Gap among University Graduates in the Finnish Private Sector," LABOUR, CEIS, vol. 22(4), pages 697-733, December.
    20. Michael Waldman, 2012. "Theory and Evidence in Internal LaborMarkets [The Handbook of Organizational Economics]," Introductory Chapters,, Princeton University Press.
    21. Ferreira, Priscila, 2009. "The determinants of promotions and firm separations," ISER Working Paper Series 2009-11, Institute for Social and Economic Research.
    22. Michael Waldman, 1988. "Interpreting Evidence on Returns to Tenure: The Significance of Quasi-Specific Human Capital," UCLA Economics Working Papers 479, UCLA Department of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:234:y:2014:i:4:p:450-473. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.